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Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
Harlem has always had a smaller sample size of office product relative to the rest of the city. But that hasn't stopped developers from building in the submarket and convincing investors to wrap their heads around smaller office floor sizes, Brent Glodowski, director at Avison Young, tells GlobeSt.com.
ABS Partners Real Estate, a New York City-based real estate firm, has promoted Joseph Leone, a property management executive with more than two decades of experience in New York City office buildings, to Director of Property Management.
Newmark Knight Frank has tapped real estate veteran Sam Buckley for the appointment of Executive Vice President of New York Brokerage Services.
In the midst of the commercial real estate industry where rent and broker fee regulations aim to prevail, making sure real estate brokers are maintaining transparency and following changing real estate legislation guidelines is key, and if not taken seriously can cost brokerage firms thousands of dollars in litigation costs.
Proptech firm Okapi has been busy at work generating analysis using property data to identify risks to landlords to determine how vulnerable companies are to the coronavirus or like ailments to minimize them.
New York State officials have pressed pause on all eviction proceedings indefinitely amid the Coronavirus outbreak, also known as COVID-19.
Modell's Sporting Goods has 137 leases up for grabs as the retailer has just recently filed for Chapter 11 bankruptcy and liquidation and has tapped A&G Real Estate Partners to begin marketing them.
As we look at the Coronavirus spreading with no immediate end in sight, the question is not whether it will adversely impact businesses; the question is how many companies will be affected and to what extent, Ailon Velger, chief product officer at property technology company Okapi, tells GlobeSt.com.
In the Woodstock neighborhood of the Bronx, a 22,230-square-foot, six-story, 28-unit mixed-use apartment building at 800 East 160th St. has come to market. Cushman & Wakefield is marketing the building, which operates under a J-51 tax abatement with 11 years remaining.
Some condo developers have abandoned selling units because they've only been able to sell 10 percent of the property to which they resort to renting the remaining 90 percent.
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